Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 67,974 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 67,974 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $35.68, for a total transaction of $2,425,312.32. Following the completion of the transaction, the director directly owned 10,283,528 shares of the company’s stock, valued at approximately $366,916,279.04. This represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sven-Olof Lindblad also recently made the following trade(s):

• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.23, for a total transaction of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.49, for a total transaction of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total value of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Trading Down 2.6%

Shares of LIND opened at $35.25 on Friday. The firm has a market capitalization of $2.31 billion, a P/E ratio of -92.76 and a beta of 2.24. The stock’s fifty day simple moving average is $30.74 and its 200 day simple moving average is $26.43. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Sell-side analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LIND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a report on Tuesday, August 4th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in Lindblad Expeditions by 846.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after acquiring an additional 1,489 shares during the period. Pinnacle Associates Ltd. increased its stake in Lindblad Expeditions by 8.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after buying an additional 64,185 shares during the period. State of Alaska Department of Revenue lifted its position in Lindblad Expeditions by 20.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $103,000 after buying an additional 562 shares in the last quarter. Krilogy Financial LLC lifted its position in Lindblad Expeditions by 23.3% in the 3rd quarter. Krilogy Financial LLC now owns 9,562 shares of the company’s stock worth $301,000 after buying an additional 1,805 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Lindblad Expeditions by 35.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.